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    OFF-MARKET
    Commercial real estate

    211 Sturgis N St, Mankato, MN 56001-1824

    5,670 SF 1.14 ac lot Built 2001
    Trust Owned 3-yr Hold Free & Clear
    Property ID
    US46-1945794
    Property summary
    AI-generated overview

    This 5,670-square-foot industrial shop, located at 211 N Sturgis, offers a fantastic opportunity for businesses seeking a versatile and well-maintained space. Built in 2001, this Class C property sits on a 1.14-acre lot (APN: R500814401012) in Blue Earth County. The entire building is currently vacant, providing immediate occupancy for a new tenant. The shop features a modern, spacious interior with an open floor plan, ideal for various industrial uses. Three 16-foot-tall garage doors, each equipped with electric openers, ensure easy access for large vehicles and equipment. Additional features include a convenient in-floor self-contained drain system, ample parking, and a 0.778-acre gravel outdoor area. The interior boasts two offices, one bathroom, forced air vents, instant hot water heaters, and security cameras. The building also includes three standard 7-foot-tall doors. The property is conveniently located off Highway 169, providing excellent accessibility. Fencing is present along three sides of the property. Note that the building does not have air conditioning, and heating is provided by radiant heat. This move-in ready property presents a compelling opportunity for businesses seeking a functional and well-located industrial space.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2001
    Total area 5,670 SF
    Lot 1.14 ac (49,658 SF)
    APN R50.08.14.401.012
    UPID US46-1945794
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Lorentz Trust · 3 yrs held
    Lorentz Trust
    since 2023
    1 recorded transaction
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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